November 1, 2011, 12:06 am
Austria is a profitable choice for foreign investors. Entrepreneurs from all over the world choose to set up a business in Austria for different reasons. Its favourable location gives access to Eastern Europe markets. Besides, establishing a company in Austria is an attractive way of development and investment, since Austria’s social and economic stability, as well as its high quality of life are great benefits for any foreign investor. Nevertheless, incentives are quite stimulating and therefore one more reason to invest in Austria.
Many companies choose to establish their headquarters in Austria, since the country is conveniently situated in the center of Europe. Its geographical, economic and political ties are very important for businesses who seek access to the Eastern and Southeastern Europe.
A highly-educated and skilled workforce also makes Austria an attractive point for foreign investors. Austria invests in education an also tries to keep the unemployment rate very low. In 2010, the unemployment rate in Austria was 4.4%. Austria’s productive labour relations are considered second in the world by the World Competitiveness Yearbook 2011.
When it comes to paying taxes, foreign investors come to Austria because they are attracted by the friendly system. The corporate income tax is calculated at a standard rate of 25% in Austria. There are no such things as trade or net worth tax in Austria. Tax incentives are offered by the Austrian government in terms of research and training of employees. The tax premium for research is 10%, while training offers a tax allowance of 20%.
Due to its central location in Europe, Austria is connected to many European destinations, which is a huge advantage for companies. Transportation services are widely developed and, in addition to that, Austria invested in telecommunications infrastructure and now it benefits from high-capacity networks.
Standard of life
The World Competitiveness Yearbook 2011 considered Austria second in terms of quality of life, only after Switzerland. This is due to Austria’s culture, environmental quality, security and high living standards. No wonder that Austria has one of Europe’s highest salaries, with an average income of 2,500 EUR per employee per month.
BridgeWest offers Company Formation in AustriaTweet
BridgeWest provides company formation in Austria. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Austria);
The Articles of Association of the Austr ... [More]